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Get ready for a run of rate cuts

June 8, 2018
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AUSTRALIA is entering a new era of consecutive interest rate cutsover the next two years, but it won’t produce a renewed housingboom, according to one of the nation’s leading economists. (Sydney Morning Herald — 31 August, 2008)
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Australia is entering an era of interest rate cuts, but it won’tproduce a new housing boom, according to a leading economists. – Brisbane Times (The Brisbane Times — 1 September, 2008)
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Australian banks and lenders will have no excuse not to followWizard Home Loans’ lead and cut interest rates. (Sydney Morning Herald — 31 August, 2008)
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Treasurer Wayne Swan has urged banks to cut rates regardless of what the RBA decides tomorrow. (The Brisbane Times — 2 September, 2008)
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Reserve Bank expected to announce 0.25% cut to official interestrates at 2.30pm, with banks under pressure to pass on savings toborrowers. – Brisbane Times (The Brisbane Times — 2 September, 2008)
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THE long-awaited interest rate cut given to homeowners yesterday is unlikely to be the last this year as the Reserve Bank warns of a slowing economy for some time yet. (Sydney Morning Herald — 15 hours ago)
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MORTGAGE greed could collectively cost home loan customers almost$3.4 million a day for every day the big five banks delay passingon any anticipated interest rate cuts. (Sydney Morning Herald — 2 September, 2008)
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St George Bank stole a march on its major rivals today by cutting its home loan rate by more than the big four. (Sydney Morning Herald — 15 hours ago)
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First cut in seven years – Brisbane Times (The Brisbane Times — 2 September, 2008)
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THE Reserve Bank of Australia has tentatively released the brakes on economic activity, saying inflation should ease despite remaining pockets of strength. (The Brisbane Times — 28 minutes ago)
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